Global outlook for the mobile hotspot router market
According to the market research analysts at Technavio, the global mobile hotspot router market is predicted to grow at a rapid pace and will post an impressive CAGR of more than 19% over the forecast period. With constantly changing business scenarios, it is imperative for organizations to develop a mobile workforce to stay competitive in the market. Constant changes in work locations, time zone barriers, and the increasing need to access official and confidential data via an employee’s personal device have resulted in the augmented adoption of BYOD policy. Employees prefer these policies as they enable them to use one device for both personal and professional use and also includes devices such as smartphones, laptops, and tablets. Moreover, as all business and individual users require high-speed internet access with secure Internet protocols like WPA2 to protect the wireless devices from external risks of hacking and data theft, so most portable devices have the necessary features to support LTE advanced wireless technology, enabling high-speed data transfer. Mobile hotspots will help the mobile workforce to connect, access, and share data anytime, anywhere, which will boost this market’s growth prospects in the coming years.
One of the upcoming trends likely to spur the growth prospects of this market is the increase in average time spent in travelling. There has been a significant increase in the average time spent in travelling, including the time spent commuting to work and journeys, has boosted the development of mobile Wi-Fi hotspots. While mobile computing devices have become a standard accessory for travellers, cloud computing provides a platform for the users to enjoy their traveling experience by enabling access to the Internet on the go. As the average time spent in travelling and the number of people travelling around the world has increased drastically, mobile hotspots are becoming a favorite among frequent travellers, leading to the growth of this market until the end of 2020.
Competitive landscape and key vendors
The mobile hotspot router market is highly competitive owing to the presence of many well-established vendors. Most vendors derive the majority of revenue from the sale of bundled devices. The bundled devices are primarily sold through mobile telecom operators such as AT&T and Verizon. Therefore, mobile telecom operators depend mostly on mobile hotspot device manufacturers to increase their revenues from LTE technologies. Also, the market witnesses intense price wars among device manufacturers to win orders from telecom operators.
Key vendors in this market are -
- Huawei Technologies
- NETGEAR
- Novatel Wireless
- TP-LINK Technologies
- ZTE
Other prominent vendors analyzed in this report are Alcatel, Hame Technology, and Karma Mobility.
Segmentation by service type and analysis of the mobile hotspot router market
The bundled devices segment dominated the market and is anticipated to reach more than USD 4 billion by 2020. One of the primary reasons for the growing demand for bundled devices is that they are cost-effective, unlike standalone devices. Moreover, the increasing use of wearable devices and mobile hotspots in M2M services such as a connected car, smart home, RTLS in hospitals, which contribute to the growth of this segment during the forecast period.
Geographical segmentation and analysis of the mobile hotspot router market
In terms of geography, the Americas led the global mobile hotspot market and is likely to reach more than USD 3 billion by 2020. The large-scale deployment of LTE network infrastructure is fuelling the market growth in the region. Also, rapid advances in 5G technology in the US are likely to contribute to the growth of this market in the Americas.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global mobile hotspot router market?
- What are the key mobile hotspot router market trends impacting the growth of the global mobile hotspot router market?
- What are the challenges to market growth?
- Who are the key vendors in the global mobile hotspot router market?
- What are the market opportunities and threats faced by the vendors in the global mobile hotspot router market in Western Europe?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global mobile hotspot router market?
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by service type
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: Explore Technavio
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape